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Is this really true, though? I mean, superyachts do exist. Mansions also visibly exist. Jeff Bezos does have not one but two private jets. Now, I know some of
by michaelt 4y ago
Is this really true, though?
I mean, superyachts do exist. Mansions also visibly exist. Jeff Bezos does have not one but two private jets.
Now, I know some of this stuff is illusionary - there are private jets that don't fly and just act as photo studios. Loads of people can qualify for a loan to get a fancy car, if they're willing to pay a lot in interest.
I mean, I'd call someone with $10 million in the bank rich - but that's not enough money to own a superyacht. People who own superyachts aren't in my social circles, but they clearly exist.
- bluGill 4y agoDon't confuse rich with super rich. Some people have enough to afford that. The next step down can make the payments so long as things stay good, and look like they are just as rich. Where the line between rich and middle class is, isn't well defined, but most of us could cross that line, but only those who don't act like will. However the total number of people just over the line is vastly greater than those well over who can afford the expensive toys.
- timr 4y agoJeff Bezos' $500M yacht is like 0.4% of his net worth. I don't know how many properties he has, but I'd be shocked if it's more than a few percent. The man could buy Rolexes and Audemars Piguets on a whim, and it wouldn't even move the needle. Compare that yacht to the equivalent purchase of a well-off, working engineer (with, say, a $1M net worth): that's a $4000 purchase. It's a nice computer. Point being, some people are so wealthy that even relatively "conservative" expenditures look extravagant.